下一次调价窗口将在2025年12月22日24时开启，以当前的国际原油价格水平计算，下一轮成品油调价开 局将呈现小幅上调的趋势。 受此影响，本计价周期内，原油变化率持续在负值范围内运行。卓创资讯数据显示，截至12月5日收 盘，国内第10个工作日参考原油变化率-1.24%，12月8日24时汽、柴油零售限价每吨或均下调55元，折 合升价92号汽油、95号汽油、0号柴油分别下调0.04、0.05、0.05元。 "本次下调落实后，消费者用油成本将继续减少。"卓创资讯分析师王雪琴表示，以油箱容量为50升的小 型私家车为例，加满一箱92号汽油将少花2元左右。物流行业，以月跑10000公里、百公里油耗在38L的 重型卡车为例，在下次调价窗口开启前，单辆车的燃油成本将减少89元左右。 隆众资讯也预计，12月8日24时国内汽柴油零售限价将下调。本轮是2025年第二十四次调价，也将迎来 2025年的第十一次下调。本次调价过后，2025年成品油调价将呈现"七涨十一跌六搁浅"的格局，全国大 多数地区车用柴油价格在6.4-6.6元/升，92号汽油零售限价在6.7-6.8元/升。 国内成品油新一轮调价窗口将于12月8日24时开启。综合机构 ...

Group 1 - International crude oil prices experienced a slight decline, with WTI crude oil dropping by 2.48% to $57.535 per barrel [1] - Brent crude oil also fell by 2.17%, reaching $62.007 per barrel [1]

Core Insights - WTI crude oil futures for December closed up by $1.40, a 2.39% increase, reaching $60.09 per barrel, with a weekly increase of nearly 0.57% [1] - Brent crude oil futures for January rose by $1.38, a 2.19% increase, closing at $64.39 per barrel, with a weekly increase exceeding 1.19% [1] - NYMEX natural gas futures for December settled at $4.5660 per million British thermal units, with a weekly increase of over 5.81% [1]

Core Insights - On November 10, 2023, China's wholesale prices for gasoline and diesel both increased, with the average wholesale price for 92 gasoline at 7487 yuan per ton, up 9 yuan per ton from November 7, and diesel at 6604 yuan per ton, up 53 yuan per ton from the same date [1] Market Overview - The rise in prices is attributed to the dual support of increasing international crude oil prices and the opening of the domestic refined oil retail price adjustment window, leading to heightened bullish sentiment in the market [1] - Despite the positive price movements, downstream demand remains weak, resulting in a cautious attitude among market participants and limited trading activity [1] Regional Price Changes - Gasoline wholesale prices increased in regions including Qinghai, Shaanxi, Sichuan, Guangdong, Fujian, Hubei, and Guizhou, while prices decreased in Jilin, Liaoning, Anhui, and Zhejiang [1] - Diesel wholesale prices rose in multiple regions such as Qinghai, Inner Mongolia, Shaanxi, Sichuan, Chongqing, Anhui, Jiangsu, Shanghai, Zhejiang, Guangdong, Fujian, Beijing, Tianjin, Hebei, Shanxi, Hubei, and Guizhou, with a decline noted in Ningxia [1] - In Shandong, local refinery prices for gasoline saw a slight increase, while diesel prices also rose [1] Data Source - The price data is published by the Energy Big Data Laboratory of the China Economic Information Agency and the China Petroleum Economic and Technical Research Institute, in collaboration with the Shanghai Petroleum and Natural Gas Trading Center, reflecting the overall situation of China's gasoline and diesel wholesale market [1]

Group 1 - OPEC+ is expected to maintain a significant increase in production, with geopolitical tensions easing and uncertainties surrounding US tariffs persisting, leading to a higher probability of a price decrease in the next round of refined oil price adjustments [1][4] - The National Development and Reform Commission announced that there will be no adjustment to domestic gasoline and diesel prices based on recent international oil price changes [1][2] - The domestic refined oil price has undergone fifteen adjustments this year, resulting in a pattern of "six increases, six decreases, and three stasis," with gasoline and diesel prices down by 225 yuan/ton and 215 yuan/ton respectively compared to the end of 2024 [2] Group 2 - During the current pricing cycle, international crude oil prices have fluctuated within a narrow range, with OPEC+ expected to hold a new meeting in early August and potentially complete the planned increase of 2.2 million barrels per day ahead of schedule in September [4] - The demand side remains strong due to the peak summer travel season in the US, which is expected to sustain fuel demand, while new trade agreements between the US, Japan, and the EU have alleviated some market concerns [4] - The next price adjustment window will open on August 12 at 24:00, with expectations leaning towards a price decrease in the upcoming round of refined oil price adjustments [4]

Group 1 - The core point of the article is that international crude oil prices have surged, with both WTI and Brent crude oil experiencing a daily increase of 2.5% [1]

Core Viewpoint - The recent adjustment in domestic fuel prices indicates a trend of increasing costs for consumers and logistics companies, driven by international oil price fluctuations and geopolitical tensions [1][2][3]. Price Adjustment Summary - As of June 17, 2025, domestic gasoline and diesel prices have been raised by 260 yuan and 255 yuan per ton, respectively, marking the twelfth round of price adjustments this year, which includes five increases, five decreases, and two periods of no change [1]. - After balancing the increases and decreases, gasoline and diesel prices have decreased by 330 yuan/ton and 315 yuan/ton, respectively, compared to the end of 2024 [2]. - The price per liter for 92-octane gasoline, 95-octane gasoline, and 0-octane diesel will increase by 0.2 yuan, 0.21 yuan, and 0.22 yuan, respectively, leading to diesel prices reaching 6.9-7.1 yuan/liter and 92-octane gasoline prices reaching 7.3-7.4 yuan/liter [2]. Impact on Consumers and Logistics - The price increase will result in higher fuel costs for private car owners and logistics companies. For instance, filling a 50-liter tank will cost an additional 10 yuan, and for vehicles consuming 7-8 liters per 100 kilometers, the fuel cost will rise by approximately 1.5 yuan per 100 kilometers [2]. - For large logistics vehicles carrying 50 tons, the fuel cost will increase by about 8.8 yuan per 100 kilometers [2]. Future Price Trends - The international oil prices have been rising due to geopolitical tensions, particularly the military actions between Israel and Iran, which have heightened concerns over potential oil supply risks [2][3]. - The next price adjustment window will open on July 1, 2025, and analysts predict a significant increase in fuel prices based on current international oil price levels [2][3]. - Overall, the likelihood of an increase in fuel prices in the next adjustment cycle is considered high due to ongoing geopolitical instability and improving demand conditions [3].

Core Insights - International crude oil prices continue to rise, with WTI crude increasing over 5% to $63.83 per barrel and Brent crude rising 4.5% to $65.66 per barrel [1] Price Movements - WTI crude oil price reached $63.83 per barrel after a daily increase of over 5% [1] - Brent crude oil price reached $65.66 per barrel after a daily increase of 4.5% [1]

Core Viewpoint - The domestic fuel prices in China have been reduced for the fifth time in 2025, with gasoline and diesel prices decreasing by 230 yuan/ton and 220 yuan/ton respectively, leading to lower fuel costs for private vehicles and logistics companies [1][3]. Price Adjustments - The price adjustments translate to a reduction of 0.18 yuan per liter for 92-octane gasoline and 0.19 yuan for both 95-octane gasoline and 0-octane diesel [1]. - For a typical family car with a 50L fuel tank, filling up with 92-octane gasoline will save approximately 9 yuan, while a heavy truck running 10,000 km per month will see a reduction of around 361 yuan in fuel costs before the next price adjustment [1]. Market Trends - Following this adjustment, the price of 92-octane gasoline is expected to return to the "6 yuan era" for many regions, with 0-octane diesel also reaching its lowest levels since 2021 [3]. - The international crude oil market has shown a downward trend, influenced by increased supply expectations from OPEC+ and the International Energy Agency (IEA), which predicts a daily supply increase of 1.6 million barrels in 2025 [3]. Future Price Expectations - The outlook for the next round of fuel price adjustments remains uncertain, with differing opinions among analysts. Some suggest a higher probability of price reductions, while others indicate potential for price increases based on current crude oil prices [6][8]. - The next price adjustment window is set to open on June 3, 2025, at 24:00 [9].